Following new regulations, the scale and profits of loan facilitation platforms have declined, prompting many to expand into the cryptocurrency sector and overseas markets.

CoinFeed reported on April 6 that, according to Caixin.com, due to the combined effects of the new regulations on loan facilitation and the slowdown in consumer credit demand, many consumer loan facilitation platforms have seen a year-on-year decline in revenue and loan volume, as well as a significant drop in net profit. Some loan facilitation platforms are seeking second growth curves such as "going global" and investing in the "cryptocurrency circle." The new regulations on loan facilitation have put forward management requirements such as the "whitelist system" for loan facilitation institutions, and have in fact drawn a clear compliance red line for the Internet loan facilitation industry.